Common use of Payments by Banks Clause in Contracts

Payments by Banks. (i) If the Borrower fails to pay any LC Reimbursement Obligation in full when due, the relevant LC Issuing Bank may notify the Administrative Agent of the unreimbursed amount and request that the Banks reimburse such LC Issuing Bank for their respective Revolving Commitment Percentages thereof. Promptly after it receives any such notice, the Administrative Agent shall notify each Bank of the unreimbursed amount and such Bank's Revolving Commitment Percentage thereof. Upon receiving such notice from the Administrative Agent, each Bank shall make available to such LC Issuing Bank, at its address specified in or pursuant to Section 9.01, an amount equal to such Bank's Revolving Commitment Percentage of such unreimbursed amount, in Federal or other funds immediately available to such LC Issuing Bank, by 2:00 P.M. (Kansas City time) (A) on the day such Bank receives such notice if it is received at or before 12:00 Noon (Kansas City time) on such day or (B) on the next Domestic Business Day if such notice is received after 12:00 Noon (Kansas City time) on the date of receipt, in each case together with interest on such amount for each day from and including the relevant LC Payment Date to but excluding the day such payment is due from such Bank at the Federal Funds Rate for such day. Upon payment in full thereof, such Bank shall be subrogated to the rights of such LC Issuing Bank against the Borrower to the extent of such Bank's Revolving Commitment Percentage of the related LC Reimbursement Obligation (including interest accrued thereon).

Payments by Banks. (i) If the Borrower fails to pay any LC Reimbursement Obligation in full when due, the relevant LC Issuing Bank may notify the Administrative Agent of the unreimbursed amount and request that the Banks reimburse such LC Issuing Bank for their respective Revolving Commitment Percentages thereof. Promptly after it receives any such notice, the Administrative Agent shall notify each Bank of the unreimbursed amount and such Bank's Revolving Commitment Percentage thereof. Upon receiving such notice from the Administrative Agent, each Bank shall make available to such LC Issuing Bank, at its address specified in or pursuant to Section 9.0110.01, an amount equal to such Bank's Revolving Commitment Percentage of such unreimbursed amount, in Federal or other funds immediately available to such LC Issuing Bank, by 2:00 3:00 P.M. (Kansas New York City time) (A) on the day such Bank receives such notice if it is received at or before 12:00 Noon (Kansas New York City time) on such day or (B) on the next Domestic Business Day if such notice is received after 12:00 Noon (Kansas New York City time) on the date of receipt, in each case together with interest on such amount for each day from and including the relevant LC Payment Date to but excluding the day such payment is due from such Bank at the Federal Funds Rate for such day. Upon payment in full thereof, such Bank shall be subrogated to the rights of such LC Issuing Bank against the Borrower to the extent of such Bank's Revolving Commitment Percentage of the related LC Reimbursement Obligation (including interest accrued thereon).

Payments by Banks. (i) If the Borrower fails to pay any LC Reimbursement Obligation in full when due, the relevant LC Issuing Bank may notify the Administrative Agent of the unreimbursed amount and request that the Banks reimburse such LC Issuing Bank for their respective Revolving Commitment Percentages thereof. Promptly after it receives any such notice, the Administrative Agent shall notify each Bank of the unreimbursed amount and such Bank's Revolving Commitment Percentage thereof. Upon receiving such notice from the Administrative Agent, each Bank shall make available to such LC Issuing Bank, at its address specified in or pursuant to Section 9.0110.01, an amount equal to such Bank's Revolving Commitment Percentage of such unreimbursed amount, in Federal or other funds immediately available to such LC Issuing Bank, by 2:00 3:00 P.M. (Kansas New York City time) (A) on the day such Bank receives such notice if it is received at or before 12:00 Noon (Kansas New York City time) on such day or (B) on the next Domestic Business Day if such notice is received after 12:00 Noon (Kansas New York City time) on the date of receipt, in each case together with interest on such amount for each day from and including the relevant LC Payment Date to but excluding the day such payment is due from such Bank at the Federal Funds Rate for such day. Upon payment in full thereof, such Bank shall be subrogated to the rights of such LC Issuing Bank against the Borrower to the extent of such Bank's Revolving Commitment Percentage of the related LC Reimbursement Obligation (including interest accrued thereon).

Payments by Banks. (iA) If the Borrower fails to pay any LC Reimbursement Obligation in full when due, the relevant LC Issuing Bank may notify the Administrative Agent of the unreimbursed amount and request that the Banks reimburse such LC Issuing Bank for their respective Revolving Commitment Percentages thereof. Promptly after it receives any such notice, the Administrative Agent shall notify each Bank of the unreimbursed amount and such Bank's Revolving Commitment Percentage thereof. Upon receiving such notice from the Administrative Agent, each Bank shall make available to such LC Issuing Bank, at its address specified in or pursuant to Section 9.0110.01, an amount equal to such Bank's Revolving Commitment Percentage of such unreimbursed amount, in Federal or other funds immediately available to such LC Issuing Bank, by 2:00 3:00 P.M. (Kansas City New York time) (Ai) on the day such Bank receives such notice if it is received at or before 12:00 Noon (Kansas City New York time) on such day or (Bii) on the next Domestic Business Day if such notice is received after 12:00 Noon (Kansas City New York time) on the date of receipt, in each case together with interest on such amount for each day from and including the relevant LC Payment Date to but excluding the day such payment is due from such Bank at the Federal Funds Rate for such day. Upon payment in full thereof, such Bank shall be subrogated to the rights of such LC Issuing Bank against the Borrower to the extent of such Bank's Revolving Commitment Percentage of the related LC Reimbursement Obligation (including interest accrued thereon).